Chapter 493: Short Argentina
Masayoshi Kishimoto woke up. He dressed neatly, walked out of his bedroom and went downstairs. He saw Rie Sakai and Mirei Sakai were still sitting on the sofa in the large living room on the first floor.
The maid on duty last night came to him with a haggard face and bowed ninety degrees, "I'm sorry, sir. I haven't slept all night, I just watched my wife and the second lady, and forgot to make breakfast for you."
"Thank you for your hard work. Last night, even if you work overtime all day," Kishimoto Masayoshi said calmly.
"Thank you." The maid on duty bowed deeply to him again.
Masayoshi Kishimoto didn't go over and persuade them, letting them continue. He believed that the two of them would always be tired. He would take a taxi to work when he went out.
When Kishimoto Masayoshi arrived in Ueno, Taitung District, he did not choose to go directly to the company, but went to the small restaurant he liked to go for breakfast.
Not only did he eat the familiar taste, but he also saw familiar people. Even if they were all extremely ordinary people, it would not prevent him.
At nine o'clock, Kishimoto Masayoshi met Kobayashi who came as promised in his president's office. The two were sitting face to face.
He also told the secretary on duty outside that if anyone has something to ask him to wait, he would not let him in.
Masayoshi Kishimoto called Kobayashi here specifically, so there were important things that needed to be explained in person. This also involved a related commercial secret.
"What do you think of the economy of Argentina in South America?" Masayoshi Kishimoto asked targetedly.
Of course, Kobayashi Kiyoshi knew that he specifically called himself here, so he would never be for chatting. He sat up straight and replied seriously: "From the comprehensive analysis of data and intelligence in all aspects, it is not optimistic."
"Then you start shorting the Argentine peso immediately. I mean, you should understand." Masayoshi Kishimoto knew in his previous life that a financial crisis would break out in Argentina this year.
In March, Argentina will see a small debt repayment peak, and the market is at this time some doubts about the Argentine government's ability to borrow new debts to repay old debts.
However, the entire market's doubts about Argentina have not been completely eliminated. By July 10, the exchange rates of various exchange houses in Buenos Aires, the capital of Argentina, suddenly fluctuated, reaching a peak on July 12, when the peso had actually depreciated by about 5%.
After the July storm, due to the joint efforts of the Argentine government and the international community, it finally subsided. On November 1, President De Larua announced that Argentina would implement a package of economic adjustment measures such as renegotiating foreign debt, adjusting taxes, supporting difficult enterprises, issuing new bonds, etc. to overcome the financial crisis. However, these measures did not receive a positive response, but on the contrary, the biggest turmoil since July.
On November 2, the Melva stock index of the Argentine securities market fell 284% compared with the previous trading day. Government public bond prices continued to fall.
At the same time, the money market interest rates soared sharply, resulting in the interbank overnight lending rate as high as 250% to 300%.
Affected by this, the Argentine national risk index assessed by Morgan Bank in New York once exceeded the 2,500-point mark, setting a historical record. So the Argentine government continued to urgently seek help from the International Monetary Fund.
But by December 5, the IMF refused to provide $1.3 billion in emergency aid loans to the debt-ridden Argentina, putting the country in its biggest debt crisis in history.
"Since you have made up your mind, I should do it. However, I still want to put forward some personal opinions." Kobayashi Kiyoshi naturally understood that he could not go against the president's intentions.
"You said." The reason why Kishimoto puts the other party as the president of Hard Gold Capital is not because of his blind obedience to himself, but because of his real talent and knowledge in the field of finance.
"Whether there will be a financial crisis in Argentina needs further observation. Not only me, but also Marunouchi and other financial institutions have relatively consistent views.
From a general fundamental perspective, Argentina's current economy is pretty good. Even if there is a financial crisis, will it follow the same approach as South Korea?
Furthermore, even if Argentina really can't hold on, it can still ask for help from IMF (International Monetary Fund)." Kobayashi Kiyoshi said one thing.
"Your doubts are not unreasonable. However, you should also understand the principle of starting first.
My purpose is to let you seize this beachhead position one step ahead, so that the subsequent large troops can land and attack.
The more profitable everyone feels, how much meat can we get? Because everyone is hesitating and thinking about observing it again, we should advance without hesitation.
You don’t have to worry about anything. If an accident occurs, I will take all the responsibility. You only need to mobilize capital to short the Argentine peso to the greatest extent. To be precise, short the Argentine country.
In addition to Argentina's money market, you also have to personally direct the attack on the country's securities market, etc. I am in charge of the overall situation.
Let’s use ten times of leverage! This time, I want to make a strong gold capital to make my reputation overseas." Masayoshi Kishimoto talked freely.
He used his prediction of the uncertainty to not only win, but also made a lot of money again. This time, he did not make a small fuss like the last time he followed Soros' butt to short Korean won, rubles, and yen.
After all, at that time, the capital he could mobilize was too limited. This time, he did not follow someone's butt to eat the remaining meat from others, but would directly pounce on him and bite him first.
Not only can he scrape away a lot of the wealth accumulated by Argentina for decades, but he can also strengthen his own strength again from qualitative changes.
Not only will I not save Argentina, but Argentina is unable to repay its more than $150 billion in foreign debt. Argentina has thus become the largest debt-blocking country in the world.
To a certain extent, the root cause of the Argentina financial crisis is similar to that of the problems that completely broke out when South Korea encountered the Asian financial crisis in 1997. It was too big and it was a big deal.
In other words, in order to develop the country's economy, we did not hesitate to borrow heavily. After a series of operations after having money, we did not spend more money on the blade.
Not only South Korea and Argentina, but also Greece after joining the EU also had the same problem. Suddenly, he had more money and knew what to do, and he had no clear plan at all.
This "nova" situation is not about the gains from Zhongbao, but about the money borrowed. The money borrowed is always repaid.
Not only do you have to pay back the principal, but you also have to increase interest. Even if the interest is low and the principal base is large, it will be fatal. Not only that, there will be a surge in profits.
Chapter completed!